Breaking news.
Air Europa accepted Turkish Airlines 300 milioni euros offer to buy 26% of Spanish airline. In 6-12 months Turkish Airlines will be one of the main Air Europa investors without having the majority of steaks.
Turkish Airlines goal is to have a free gate to Latin America destinations, now only eight while Air Europa flies to about 20 destinations in Latina America.
Turkish Airlines is the major European airline for airplanes in fleet (386, Ryanair 332) and also one of the world best airlines. Just 58 airplanes for Air Europa with 28 among B787-8 and B787-9.
The problem is that Turkish Airlines is part of Star Alliance while Air Europa is part of SkyTeam so, most probably, the Spanish airline will change group.
EU antitrust has to decide if the operation is ok like It happened for ITA Airways - Lufthansa fusion.